Carnegie Lake Advisors LLC Raises Stock Position in Capital Group Dividend Value ETF (NYSEARCA:CGDV)

Carnegie Lake Advisors LLC lifted its stake in Capital Group Dividend Value ETF (NYSEARCA:CGDV) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,142 shares of the company’s stock after purchasing an additional 420 shares during the period. Carnegie Lake Advisors LLC’s holdings in Capital Group Dividend Value ETF were worth $217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CGDV. Blue Trust Inc. boosted its holdings in shares of Capital Group Dividend Value ETF by 33.3% during the 4th quarter. Blue Trust Inc. now owns 1,600 shares of the company’s stock valued at $58,000 after buying an additional 400 shares in the last quarter. Cassady Schiller Wealth Management LLC purchased a new position in Capital Group Dividend Value ETF during the 3rd quarter valued at about $83,000. Oakworth Capital Inc. bought a new stake in Capital Group Dividend Value ETF during the fourth quarter worth about $129,000. Westside Investment Management Inc. grew its holdings in Capital Group Dividend Value ETF by 1,595.7% in the fourth quarter. Westside Investment Management Inc. now owns 3,900 shares of the company’s stock worth $138,000 after purchasing an additional 3,670 shares during the period. Finally, Valley National Advisers Inc. increased its stake in shares of Capital Group Dividend Value ETF by 503.2% during the third quarter. Valley National Advisers Inc. now owns 4,192 shares of the company’s stock valued at $151,000 after purchasing an additional 3,497 shares in the last quarter.

Capital Group Dividend Value ETF Stock Performance

CGDV stock opened at $37.13 on Tuesday. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 22.38 and a beta of 0.92. The firm has a 50 day moving average price of $36.08 and a 200-day moving average price of $35.91. Capital Group Dividend Value ETF has a 52-week low of $29.86 and a 52-week high of $37.28.

Capital Group Dividend Value ETF Profile

The Capital Group Dividend Value ETF (CGDV) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that primarily invests in stocks of dividend-paying, large- and mid-cap US companies. The fund seeks to produce income exceeding the average yield on US stocks.